The Queensland Rural Adjustment Authority recently announced that they have cut their interest rates for the First Start and Sustainability loans.
The new fixed rates on the First Start and Sustainability loans drawn from 1 January 2012 to 30 June 2012 are:
1 year fixed
3 year fixed
5 year fixed
As a reminder, the First Start loans can provide finance of up to $650,000 for applicants wishing to enter primary production or become a partner in an existing family operation.
The Sustainability loan can provide finance of up to $650,000 for primary producers wishing to upgrade, expand or diversify their current operations to improve productivity.
Both the First Start and Sustainability loans have no set-up fees, no exit fees and no hidden costs.
If you would like further information on applying for a QRAA loan, please contact Ellingsen Partners.